QR National Studies Railway That Could Open Australia's Pilbara

Date : 04/25/2012 @ 7:22PM
Source : Dow Jones News
Stock : Atlas Iron Fpo (AGO)
Quote : 0.026  0.0 (0.00%) @ 2:00PM
Atlas Iron share price Chart

QR National Studies Railway That Could Open Australia's Pilbara

Qrnational Fpo (ASX:QRN)
Historical Stock Chart

5 Years : From Feb 2013 to Feb 2018

Click Here for more Qrnational Fpo Charts.

QR National Ltd. (QRN.AU), Australia's largest rail freight company, said Thursday it is evaluating building a railway that could connect a number of isolated iron-ore mines in the country's remote Pilbara region with Port Hedland and export markets.

It has signed an agreement to bring on mining company Atlas Iron Ltd. (AGO.AU) as a cornerstone user, although other companies would be connected to the line through a staged development.

Atlas, in a separate statement, said the joint feasibility study with QR National is expected to be completed by the end of the year, and haulage could begin as early as 2015.

Iron-ore production in the Pilbara is dominated by Rio Tinto PLC (RIO), BHP Billiton Ltd. (BHP) and Fortescue Metals Group Ltd. (FMG.AU), which maintain a tight control over rail lines they each built to transport their ore to ports in Western Australia state.

-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094; robb.stewart@dowjones.com

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:31 V:us D:20180220 19:36:56